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stable and efficient networks in a variety of contexts and under several definitions of efficiency. …
Persistent link: https://www.econbiz.de/10005135109
We propose a simple non-cooperative mechanism of network formation in cost spanning tree problems. The only subgame equilibrium payoff is efficient. Moreover, we extend the result to the case of budget restrictions. The equilibrium payoff can them be easily adapted to the framework of Steiner trees.
Persistent link: https://www.econbiz.de/10005062358
The years following the Second World War were those of the greatest economic growth that Europe had ever seen. If the …. Since 1973, with petroleum crashes, the process of growth has slowed down in Europe, but it was only after 1985 that Ireland …
Persistent link: https://www.econbiz.de/10005076554
The years following the Second World War were those of the greatest economic growth that Europe had ever seen. If the …. Since 1973, with petroleum crashes, the process of growth has slowed down in Europe, but it was only after 1985 that Ireland …
Persistent link: https://www.econbiz.de/10005556858